Bharti up 3% post Q3 nos; Analysts say buy more

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26 Aug, 2025 12:21

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Moneycontrol Bureau

Shares of Bharti Airtel jumped 3 percent intraday on its December quarter results. The telecom operator reported first quarterly profit rise in four years in December quarter, though it was impacted by exceptional loss on tax provisions.

Its third quarter net profit grew 4.55 percent sequentially and was up 115 percent year-on-year.

Net profit increased to Rs 610 crore from Rs 583.4 crore and quarter-on-quarter revenues climbed 2.8 percent (13.3 percent year-on-year), higher-than-expected, to Rs 21,939 crore in the quarter ended December 2013.

Analysts view

Suresh Mahadevan of UBS AG is positive on Bharti Airtel.  He feels the stock may touch Rs 420. According to him, the February 3 spectrum auction could emerge as a positive catalyst especially if there are no big fireworks like a lot of investors are worried about.

Ankur Rudra, VP Institutional Equities, Ambit Capital is also bullish on Bharti and has a buy rating on the stock with a target of Rs 392. Improvement in margins and data services becoming an important driver of revenue growth are key positives, says Rudra in an interview to CNBC-TV18.

“Margins recovery has been led by India wireless where Indian wireless margins have grown to 34 percent.The other positives are that revenue per minutes (RPMs) have continued to rise especially voice RPMs where sequential improvement is quite good and indicated industry is moving to the healthy structure,” he added.

Abhishek Anand, VP -Telecom, Centrum Wealth Management is positive on the stock as it has corrected sharply on competition concerns.

At 11:18 hrs, the stock was quoting at Rs 307.25, up Rs 0.95, or 0.31 percent on the BSE.